Overdrafts on Sponsored Programs

Page Updated: December 19th, 2016

General Overdraft Guidelines
  • RSP will monitor budget overdrafts on active accounts.
  • RSP will provide monthly overdraft reports to the Deans via the Divisional Dashboard.
  • Per RSP Notice 2011-2, overdrafts are the responsibility of the Dean/Director’s office.
  • When notified of an overdraft, immediately transfer appropriate expenses to a different funding string. This may be a successor account or discretionary account.